Announced Fri, 19 Jun · 16:18 IST
Kamat Hotels opens new IRA by Orchid hotel in Bhavnagar, Gujarat
Business Updates View source PDF
KAMATHOTEL · price
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Price reaction · full curve 14 horizons · vs prior close
+5.0%1-day move
₹171.85
prior close
₹172.01
base price
After-mkt
timing
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+1.0+2.0+2.1+2.2+5.0+6.7+5.6+4.5+6.9+7.0+6.9-2.1——
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AI summary
Kamat Hotels (India) opened a new 50-room property called IRA by Orchid in Bhavnagar, Gujarat under a leased model. The hotel features Deluxe, Executive and Suite rooms, a multi-cuisine restaurant, a gym, and five banquet venues for up to 500 guests. The launch strengthens the company's presence in Gujarat and adds to its 1,900-plus operational keys across India.
Likely market impact
Expands footprint in Gujarat with a leased model property; revenue contribution not disclosed.